Bank chooses new name to prepare for growth opportunities. FAYETTEVILLE, N.C., Jan. 30 /PRNewswire-FirstCall/ -- New Century Bank of Fayetteville has changed its name to New Century Bank South announced William L. "Bill" Hedgepeth, president and chief executive officer of the bank. "As we grow, we will look at opportunities within Fayetteville and beyond," Hedgepeth said. "To prepare for that, we believe that changing our name to something that works beyond the Fayetteville city limits is appropriate." Signage for New Century Bank South is expected to go up during the first quarter of 2006. "Nothing, including account numbers, will change for our customers," Hedgepeth shared. "They can continue to use their New Century Bank of Fayetteville checks and other documents. As they order new checks, ATM cards, and other documents, going forward, they will be replaced with New Century Bank South documents. New Century Bank South is headquartered in Fayetteville, North Carolina. New Century Bancorp, the holding company for New Century Bank and New Century Bank South, reported total assets of $401.5 million as of September 30, 2005. Stock Symbol: NCBC - OTC Electronic Bulletin Board http://www.newcenturybanknc.com/ The information as of and for the quarter ended September 30, 2005, as presented is unaudited. This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements regarding certain of our goals and expectations with respect to earnings, earnings per share, revenue, expenses and the growth rate in such items, as well as other measures of economic performance, including statements relating to estimates of credit quality trends, and (ii) statements preceded by, followed by or that include the words "may", "could", "should", "would", "believe", "anticipate", "estimate", "expect", "intend", "plan", "projects", "outlook" or similar expressions. The actual results might differ materially from those projected in the forward-looking statements for various reasons, including, but not limited to, our ability to manage growth, our limited operating history, substantial changes in financial markets, regulatory changes, changes in interest rates, loss of deposits and loan demand to other savings and financial institutions, and changes in real estate values and the real estate market. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company's SEC filings, including its periodic reports under the Securities Exchange Act of 1934, as amended, copies of which are available upon request from the Company. First Call Analyst: FCMN Contact: DATASOURCE: New Century Bank of Fayetteville CONTACT: William L. "Bill" Hedgepeth of New Century Bank of Fayetteville, +1-910-485-5855, or Web site: http://www.newcenturybanknc.com/

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